Clearstone Venture Partners to invest $30 million in India consumer markets

Venture capital investor Clearstone Venture Partners, which has two offices in California and one in Mumbai, plans to invest $30-40 million in companies focusing on India’s consumer market in fiscal 2008. According to a press release from the company, Clearstone, which has $650 million in committed capital under management, has invested a total of $21 million in three Indian companies with partners since 2006. Clearstone Venture Partners, which plans to focus on India’s high-growth, consumer-driven market, says the sector is not overcrowded with investors,”The market is still underplayed. It can take more investors.” said Clearstone Director Rahul Khanna.